I started with the idea to do this when I looked at my change jar and thought about cashing the money in at the bank and depositing it into my account. The change built up over a year and half to two years worth of time, but I don’t know the exact time frame. Looking at the change I thought, “Well, maybe I can go have a meal at restaurant with this.” This thought didn’t do much for me honestly. Then it came to me, because I’ve flipped plenty of items before and started with small amounts before but never tracked my progress in a medium like this. I had the thought to start this site, but took action first on buying an item with the money I had in the jar that I could flip. I wanted to see how much I could turn $36.38 into over time. I have no expectation what this will turn into, but it is a fun way for me to track what can happen with a small amount of money over time.
What I did first
I got in my car on June 6, 2022 drove to the bank and deposited the money in my account then drove to a Goodwill that was close to me. I knew I would need to find something that was very inexpensive and that I could at least double my money on. I planned on buying something for $2 or under because with the starting amount at this level I need to be able to buy as many items as possible to create a good turnover of inventory.
First Purchase – Disney Puzzle
I walked around the Goodwill for about 10 minutes to look at items and see what was available. As I was looking at puzzles I looked up some online to see what they were reselling at and found a Disney Kinkade Puzzle for $1.09 plus tax. This one looked like a good option based on what I saw others having sold for. I decided to get this one and so began the first Change Jar Flip.
Moving Forward
I will make other updates as items are bought and doing a rolling total on the total invested in items and what the cash balance might be. I’ll make updates when there is a new purchase or sale of an item or items. At a certain point when multiple items sale in a week I’ll do a weekly update. This will likely take a while before this happens, because the inventory in number of items will need to be large to ensure items move every week frequently.
Current Inventory and Cash Equivalent Balance
Item | Cost | Date Purchased |
Disney Kinkade Puzzle | $1.18 | 6/6/2022 |
Cash | $35.20 | |